> Sudan’s central bank warns against civilian use of Bitcoin and cryptocurrencies, a reaction to increased adoption in the country, where the inflation rate exceeds 400%
>
> Friends there say a formal ban is in the works 🇸🇩
>
> ![Central Bank of Sudan notice](https://pbs.twimg.com/media/FO5L6L6VIAIvY4P?format=jpg)
> [[Larger image](https://pbs.twimg.com/media/FO5L6L6VIAIvY4P?format=jpg)]

https://twitter.com/gladstein/status/1508226392386797576

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The link for the original article:

*Sudan Central Bank Warns on Cryptocurrency Use as Economy Tanks*
https://www.bloomberg.com/news/articles/2022-03-28/sudan-central-bank-warns-on-cryptocurrency-use-as-economy-tanks 

KenyaCoin

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Sudan’s central bank urged citizens not to use cryptocurrencies, warning of the risks of financial crime, electronic piracy and market volatility.

The regulator said digital currencies couldn’t be considered legal tender because they’re “not issued by authorized or accredited bodies that are legally bound,”

The Sudanese pound lost at least 15% of its value this month after the central bank allowed it to float.

bitcoin

Sudan Central Bank Warns on Cryptocurrency Use as Economy Tanks | Bloomberg

> Sudan’s central bank urged citizens not to use cryptocurrencies, warning of the risks of financial crime, electronic piracy and market volatility.

> The regulator said digital currencies couldn’t be considered legal tender because they’re “not issued by authorized or accredited bodies that are legally bound,”

> The Sudanese pound lost at least 15% of its value this month after the central bank allowed it to float.